But the first thing that jumps off the page when I read your original post, is that your ROI is LOWER than 10 years ago, and that it sounds like you have done minimal rent increases in that time?

Otherwise, you are wasting both your and the investor's time.

If they paid on time and didn't damage the unit don't waste your time or money pursuing this.

It will be minimal work on the appraiser's part if the appraisals were done very recently, and the appraiser is likely to charge a much lower fee than if the appraisal report was being done from scratch.

@Joe Villeneuve I guess the question is between the BRRRR strategy or buying a SFH that needs minimal work as a first time investor.Example 1 - Save up 100k.

Given the our current market situation I'm realizing most listed properties are a waste of time.

Does anyone have any tips for minimizing potential for danger to myself (property owner living off site a few towns over)?

Cash flow amount was there with minimal rehab.

It is worth around $275k, and we plan on making some minimal improvements when the tenants leave, and increase rent to around $1250-$1300.

If the 2019 profit margin had held constant throughout 2020, rates would have fallen to about 2%, 30 year fixed, with no/minimal fees/points.